Which decision shows long-term thinking in an enterprise?
Answer and explanation
Correct answer: Maintaining customer trust and quality along with quick profit
Long-term thinking considers how today’s decision affects future customers, reputation, costs, and business survival. Maintaining quality and trust may require avoiding a cheap shortcut even when it could produce quick profit. Selling poor goods or ignoring future costs can cause later losses and damage reputation, so those choices are unsustainable.
Frequently asked questions
What is the correct answer to this question?
Maintaining customer trust and quality along with quick profit
Why is this the correct answer?
Long-term thinking considers how today’s decision affects future customers, reputation, costs, and business survival. Maintaining quality and trust may require avoiding a cheap shortcut even when it could produce quick profit. Selling poor goods or ignoring future costs can cause later losses and damage reputation, so those choices are unsustainable.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: MSME and Business Entrepreneurship. Topic: Entrepreneurship Development.
